Posted in Accounting, Education, IFRS, Regulation, tagged Accounting, Accounting education, Beresford, Capital leases, Dennis Beresford, Earnings management, IFRS, Income smoothing, Leases, Operating leases on November 28, 2008 | 2 Comments »
Am I going overboard? I hope not, hate getting wet. Let’s see what Dennis Beresford, former chairman of the FASB and current accounting professor, has to say about my previous post. Denny is quoted from AECM, the international listserv for accounting professors. On Thursday, November 27, 2008, he says:
Last year I had Julie Erhardt speak [...]
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Well, the die seems to be cast. President Obama will call for a big-bang switchover to IFRS, this much is likely. I personally predict that the last year GAAP may be used in the U.S. by SEC reporting companies is for fiscal years ending December 31, 2010. The Obama administration will rework the proposed Road [...]
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Posted in Accounting, Albrecht faves, IFRS, Regulation, tagged Accounting, Accounting regulation, Anti-IFRS, Auditors, Big Four, FASB, Financial accounting, Financial disclosure, Financial system, GAAP, IASB, IFRS, IFRS critic, IFRS opponent, IFRS resistance, SEC on November 10, 2008 | 1 Comment »
Note: this is the final version of this essay.
This is part seven of an eight-part series in which I review the seven International Financial Reporting Standards (IFRS) critics (Sunder, Niemeier, Ball, Ketz, Selling, Jensen & Albrecht) of whom I am aware. The series continues on regular posting dates, MWF.
In today’s essay, I review the anti-IFRS [...]
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